Joe sees evidence of bullish divergence on the charts which offers him some encouragement. The shares have also bounced off from this relative support level both on price and on a relative basis in the last few sessions.

Therefore Joe is looking to buck the trend and buy as close as possible to the 1000 pence support level with a tight stop around 975 pence targeting 1150 pence over the medium term.

Joe Neighbour is a Technical Analyst and contributes to Saxo Bank's Social Trading.

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